The proposed Red Water casino project was rejected on Friday by a 10 to 6 vote.
The Mississippi Band of Choctaw Indians were the backers of the casino. The
tribal council were the ones that rejected the vote.
The planning process consisted of 15 months. The proposed casino would have
earned an estimated yearly revenue of $20 million. The project would have also
created 170 new jobs.
The reason given for the rejection was due to the slow economy. The council
believed that this may cause the casino to not be successful.
Last year the council voted to approve the borrowing of $145 million. The money
would be spent to revamp the tribes current gaming industry. $7.6 million would
be given to reopen the Golden Moon Casino. The Dancing Rabbit Inn would receive
$7 million to refinance. Over all $88.1 million was approved to be spent in 2
years. This included a possible casino in Leake County.
The Red Water Casino would have cost $18.8 million to build. A majority vote was
required for the project to move forward.
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